Common use of Project Disposition Clause in Contracts

Project Disposition. The Projects shall not have been transferred at the direction of the GenHoldings Lenders (on terms and conditions satisfactory to the Administrative Agent and each of the GenHoldings Lenders in their sole discretion) on or prior to (x) December 31, 2002 or (y) so long as such transfers are proceeding in a manner satisfactory to the Administrative Agent, March 31, 2003 with the prior written consent of the Administrative Agent."

Appears in 2 contracts

Sources: Third Waiver and Amendment (Pacific Gas & Electric Co), Third Waiver and Amendment (Pg&e Corp)

Project Disposition. The Projects shall not have been transferred at the direction of the GenHoldings Lenders (on terms and conditions satisfactory to the Administrative Agent and each of the GenHoldings Lenders in their sole discretion) on or prior to (x) December 31, 2002 or (y) so long as such transfers are proceeding in a manner satisfactory to the Administrative Agent, March 31, 2003 with the prior written consent of the Administrative Agent2003."” (o) Section 9.9(a) is amended and restated as follows:

Appears in 1 contract

Sources: Amended and Restated Credit Agreement (Pg&e National Energy Group Inc)